The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-11-26
STATE OF TRADE,
r. G. Dun e. Co.'s Weekly Commercial
Review.

New YORK, Nov. 25.--R. G. Dun & Co.,
in their weekly review of trade, say: In
all directions business prospects are i'm
proving, although the situation now here
justihes such speculative wildness us has
appeared in some branches. Money still
goes to the west, and even more to the
south, and bankers anticipate some press
ure as the new year approaches, but the
treasury has increased its deposits with
banks Sl,572, 1902 during the past week,
and 80 has withdrawn from market only
100000 cash. Exchanges running nearly
s per cent. above those Of corresponding
week last year, and railroad earnings show
ing an increase exceeding 10 per cent.
with shipments from Chicago by rail 5000
tons larger than for the same week last
year, volume OF traffic never equalcd
before at this season, though reaction from
the greater activity Of September causes
in some branches complaint Of dizziness.
The most important fact is that invest
ment offers for foreign capital in this coun-
try still continue. The latest evidence, a
sale OF 100000 Northern Pacific bonds
TO q foreign syndicate, came at time
when foreign sales of stocks appeared to
forcshadow a contrary movement In
seven months not less than SlI5, 100000
must have thus arrived, which has gone
far to support the development of rail-
roads, mines and manufactures, and the
speculation in real estate.
Nevertheless, the effects of partial loss OF
reports begins TO be felt. From most quar-
ters come complaints that collections are
slower, only fair, and though rapid mar
kcung OF products has brought relief at
some southern and southwestern points, at
many others money is close and rates high;
the country demand still continues. The
large railroad earnings are met in many
cases by unwonted increase Of expenses.
Stocks closed Wednesday about 80 cents
per share higher than last week, but
showed hesitation at the close, and de-
clined this afternoon fraction. Bread
| stulls have advanced; wheat, lie; oats,
&c, and corn rose sharply today. Pork has
advanced PC q barrel, and lard Toe per
100 pounds. Hogs are lower. The iron
market is still weak at Pittsburg, but a
shade iirmer Tor No. . at Philadelphia, be-
| cause OF the scarcity OF the best grades. 4
decline in British exports to this country
from l20,0S5 tons in September encourages
| the trade.
Cotton goods are very firm and may adj.
vance again. The wooden trade is quiet,
with few new orders. A break in proys.
ions on Wednesday was followed by re.
cOvery the same day.
Coal is higher, although the actual ont.
put last week was larger than that OF the
same week last year. Oyerproduction was
| given rs the reason for curtailmcnt or stop.
\ page bysome sugar rciinerics, but the price
quickly improved and current statistic.
sustain estimates that the world : consump.
ton this year will closely approximate
the supply. bureau estimates o! ,hc cot
ton crop are still disputed, but the market
has grown stronger in the belief tina,
southwestern forest fires will delay ship
/ mcnts.
The business failures during the past
seven days number. for the United States,
1877; for Canada, 20; total, 207, rs com
pared with 22i last week and PIG for the
corresponding week Of 1886.